2M Discontinuation Unlikely to Impact Other Shipping Alliances - Hapag Lloyd

The end of the 2M container shipping alliance between Danish operator Maersk and Swiss-based MSC is unlikely to have a bearing on other alliances, under which groups of carriers cooperate, the head of Germany’s Hapag-Lloyd said on Thursday.

“The fact that Maersk and MSC will not continue after the end of 2024 is not a huge surprise as the companies have vastly different strategies,” said CEO Rolf Habben Jansen in a call with analysts.

“I don’t think that will have massive effect on the other alliances,” he added, saying Hapag-Lloyd’s contracts to participate in THE Alliance will last up to 2030.

(Reuters - Reporting by Vera Eckert, editing by Miranda Murray)